Lake Sumner, NM is a small town located in the state of New Mexico. It is known for its peaceful atmosphere and its low cost of living. The two bedroom rent for Lake Sumner is only $820 which is significantly lower than the US average of $1,430. In addition to this, the grocery cost index in Lake Sumner is 89 versus 100 in the US, making it even more affordable to live here than other cities in the US.
Local companies within Lake Sumner include El Paso Electric Company, EON Business Solutions, Allstate Insurance Company and many more. In terms of local amenities, residents have access to outdoor activities such as hiking and fishing while also having access to large chain stores nearby such as Walmart and Home Depot. Overall, Lake Sumner offers a serene environment with low costs of living along with plenty of entertainment options nearby.
Lake Sumner has an unemployment rate of 5.3%. The US average is 6.0%.
Lake Sumner has seen the job market decrease by -11.2% over the last year. Future job growth over the next ten years is predicted to be 13.4%, which is lower than the US average of 33.5%.
Tax Rates for Lake Sumner
- The Sales Tax Rate for Lake Sumner is 6.7%. The US average is 7.3%.
- The Income Tax Rate for Lake Sumner is 4.9%. The US average is 4.6%.
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Income and Salaries for Lake Sumner
- The average income of a Lake Sumner resident is $9,233 a year. The US average is $37,638 a year.
- The Median household income of a Lake Sumner resident is $0 a year. The US average is $69,021 a year.